Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

they have lost all credibility- this alone says volumes- from Bloomberg-

“Members noted the possibility that some negative side effects might result from the maintenance of very low short-term interest rates for an extended period . . .including the possibility that such a policy stance could lead to excessive risk-taking in financial markets . . .”

gee- you think?

“could lead” as in- it’s not happening now-

what fucking buffoons-

they are causing the problems- you now- their previous policy actions that allowed long durations of easy money and asset bubble creation-

the Fed- what a joke- who needs them- no-0ne except bankers who want to ensure they are protected to make billions- whether or not they lose billions

@ahab: The Fed does a fabulous job of telling us what has already happened. Great at looking into the rearview mirror. I was in the car when I hear them make that statement on Bloomie about “excessive risk-taking” and laughed out loud. Like that’s NOT happening now? “May lead to”? How about “has led to”?

Based on the charts it looks as though it is still all about the housing market. If housing continues to recover then we have a really bad L shaped recession. If housing takes another downturn, then hello W.

@ahab: The neo-cons were on Clinton to do it in later years of his second term. I believe he was giving it some thought at the time, so the Iraq adventure was in the works for a long time. We just needed a “reason” to do it. That reason was 9/11. If it wasn’t 9/11, it would have been something else that caused us to go in there.

@ahab: Bush was trying to make up for what he (and the ne0-cons) thought was Daddy’s blunder in not “finishing the job there”. The neo-cons chicken hawks who didn’t serve in Vietnam were trying to re-fight that war. Human beings, especially men, aren’t that complicated.

your analysis is correct, but you left out the real reason the bankers let them invade. OIL.

the way daddy bush left saddam in power as a foil against iran was brilliant. over the heads of most nitwits, and actually cost ghwb.

but the invasion and occupation was for nat resources like most wars. and of course Ike’s farewell speech warning about profiteers in war industries. ain’t nothing like the free money when the bombs drop.

in case you did not get the memo, you and your fellow middlebrows like me and 99% of people were not meant to get help. wars are about the ruling class. i only dream about being a member. you should wake up or maybe it is better to believe the rulers care. the oil contracts have nothing to do with me or mine or you and yours. please no offense sir. you sound intelligent.

So what if people/institutions are taking excessive risks – if they make money, great, more to spend on consumer goods, and if not, and they lose a lot, fuck ‘em – they were obviously warned that taking a lot of risk might not turn out well.

Anyone who doesn’t realize there won’t be any more bailouts deserves to go down.

And Call me Ahab: it was about “he tried to kill my daddy”. End of story.

I do wish people/institutions used the market to “invest” in the companies listed there rather than just using it as a giant profiteering machine. Perhaps the concept of owning stock has become a ruined, sullied and shat on paradigm and we need a new one…

ahab, just like wall street (the money changers) you can make money on oil by handling oil. i think we wrote something in the Iraqi constitution about oil contracts … cheney was the CEO of halliburton, an oil services company, a simple forgotten, obvious fact.

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About Barry Ritholtz

Ritholtz has been observing capital markets with a critical eye for 20 years. With a background in math & sciences and a law school degree, he is not your typical Wall St. persona. He left Law for Finance, working as a trader, researcher and strategist before graduating to asset managementRead More...

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